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NEW
DELHI: DB Corp Ltd has been permitted to increase the foreign
equity participation from 20 per cent to carry out the business
of publication of newspapers including the business of developing,
editing, publishing, printing, distributing and marketing
newspapers and other publications and FM radio business.
The
Foreign Investments Promotion Board (FIPB) has not quantified
the inflow of foreign direct investment.
The Ministry has also permitted Wall Street Journal Publishing
to make a change in the foreign collaborator by way of overseas
merger within group companies.
The
company is engaged in the business of facsimile editions of
newspapers in India. This will not entail any fresh FDI inflow.
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